Ann: TIG Operating update, page-9

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nilnil1

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08/09/18

16:25

Post #: 35477989
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Originally posted by MStien ↑

Hey guys, I held TIG about a year ago. I just wanted to check how things are going. There have been comments about the lack of notice paid to TIG. My take on that is for two reasons. Firstly coal is on the nose whether you can make money from it or not. The fact is people aren't interested in it. Secondly and if this has changed I stand corrected but due to weather it only mines for part of the year. This was a negative for me. Despite the fact that the mine is low cost when you only operate for part of the year and go into hibernation for the rest you aren't going to get the acknowledgement of a year round producer with similar margins. It also allows people to sell out at the end of the season and buy back in just before you kick off again. Not trying to down ramp just the way I see it. Happy to be corrected as I haven't followed TIG closely for some time.

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Ammam North is just the starter project.
Ammam, the main game, with its year round port Arinay Lagoon, (to be developed) will be all year, all season shipping.

Some of us a big picture people..

TIG Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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Ann: TIG Operating update, page-9

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Ann: TIG Operating update, page-9

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